Addressing a valuation gap for a mid-cap energy utility
Engaged by a diversified energy company to assess factors behind its valuation gap and to develop actionable recommendations to address it.
- Conducted a Wall Street perception study, analysis of valuation and trading data, and a comprehensive review to benchmark the company’s IR messaging and communications materials and practices relative to peers and leaders in the sector.
- Analyzed findings to identify key factors behind the valuation gap and propose recommendations to enhance valuation and bring IR program in line with best practices.
- Supported execution of high-priority IR initiatives including: refining the investment thesis to explain misunderstood aspects of the story, evolved guidance policy to include long-term operating targets and assumptions on capital spending to help analysts more accurately model the business, developed new templates for quarterly earnings communication with an eye toward focusing on the most important information, and incorporated ESG story into quarterly earnings.
- Supported year-end reporting process to ensure a consistent message across all communications documents – earnings communication, integrated annual report and proxy statement.